Growth in Asia and the Pacific outperformed expectations in late 2023, reaching 5.0 percent for the year. Inflation has continued to decline, albeit at varying speeds: some economies are still seeing sustained price pressures, while others are facing deflationary risks.In 2024, growth is projected to slow modestly to 4.5 percent. …
With Malawi’s economic growth recovering and single digit inflation, the Government has a key opportunity to rein in fiscal deficits and reduce domestic debt. If it can better control domestic debt levels, the Government could increasingly move towards creating the conditions for the private sector to increase investment, which can …
Nigeria continues its recovery from the 2016 recession, sustaining an estimated 2 percent growthrate in 2019. The collapse of global oil prices during 2014–16, combined with lower domestic oil production, led to a sudden slowdown in economic activity. Nigeria’s annual real GDP growth rate, which averaged 7 percent from 2000 …
Malnutrition, which encompasses both undernutrition and overnutrition, presents a significant human capital as well as economic development challenge across most ASEAN Member States.A healthy, well-nourished, well-educated and skillful population provides the foundation for a productive life and enables future workers to compete in the dynamic labor markets of digital economies. …
Africa’s vast development needs provide ample opportunity for impact investments, which aim not only to generate a financial return for investors but also to have a positive social and environmental effect, says the Africa Impact Report 2019, launched by the Public Investment Corporation (PIC) and Impact Investing SA. The report, …
Question raised in Rajya Sabha on Climatic change and preparedness of the country to combat adverse impact,18/11/2019. Thirty three States/Union Territories (UTs) have prepared their State Action Plan on Climate Change in line with NAPCC taking into account State’s/UT’s specific issues relating to climate change. Under the Paris Agreement, India …
Oil and gas finds in Kenya present a unique opportunity that can cement the path towards sustainable development. Enhanced SME engagement in the sector is a critical lever for sustainable development. Together with micro enterprises, SMEs are estimated to contribute about 33.8% to Kenya’s GDP and employ close to 14.9 …
Gender inequality in Africa remains high, and progress toward gender parity has stagnated. This is a large missed opportunity for African societies and for the continent’s growth prospects. If Africa steps up its efforts now to close gender gaps, it can secure a substantial growth dividend in the process. Accelerating …
This paper uses a multidimensional approach to measure the level of poverty in Nigeria and its distribution across zones and states. It examines the contribution of wellbeing indicators to average poverty, and offers a tool to assist at various stages of project planning. The study finds the following: (i) Poverty …
This paper uses a multidimensional approach to measure the level of poverty in Nigeria and its distribution across zones and states. It examines the contribution of wellbeing indicators to average poverty, and offers a tool to assist at various stages of project planning. The study finds the following: (i) Poverty …
The Fifteenth Finance Commission (FC), in its report for fiscal year 2020-21, has recommended a marginal reduction in the vertical devolution of the divisible tax pool to 41 per cent from the prevailing 42 per cent. This is due to the newly formed Union Territories of Jammu and Kashmir, and …
This study analyzes the incidence of public revenues (tax collection) and expenditures (including direct and indirect transfers, indirect subsidies, and in-kind transfers) on the level of poverty and inequality in Uganda, using the internationally recognized methodology developed by the Commitment to Equity institute. The results show that Uganda's fiscal policy …
Kenya continues to experience steady economic growth, with real GDP expanding on average by about 5.6 percent over the last five years (2014-2018). In 2019, however, economic activity has softened primarily due to lower agricultural output and weak private sector investment. As a result, the World Bank projects Kenya’s growth …
NITI Aayog with Institute for Competitiveness as the knowledge partner released the India Innovation Index (III) 2019. Karnataka is the most innovative major state in India. Tamil Nadu, Maharashtra, Telangana, Haryana, Kerala, Uttar Pradesh, West Bengal, Gujarat, and Andhra Pradesh form the remaining top ten major states respectively. The top …
The assessment was carried out in an environment where the Government had set in moon a Transional Stabilizaon Programme (TSP) in a bid to set the economy on a recovery path aer years of stagnaon. The TSP has been set to run from October 2018 to December 2020 with the …
This paper presents nowcasting of quarterly gross domestic product (GDP) growth in India by developing an econometric framework specific to the country’s economy. “Nowcasting” uses high frequency data to generate estimates of GDP growth. It helps policy makers and market participants overcome decision-making difficulties when official statistics on key variables …
Global GDP growth is decelerating, while trade and industrial production are stagnating. The slowdown has been severe in South Asia, which in recent quarters was no longer the fastest growing region in the world. In most South Asian countries, growth is expected to be below long-run averages this year but …
The successful conclusion of the Presidential election in January 2019 represents a historic window of opportunity for Madagascar to break cycles of political instability that abruptly interrupted its development in the past and to leapfrog its economic and social revitalization. Following a prolonged period of economic stagnation, growth accelerated over …
The successful conclusion of the Presidential election in January 2019 represents a historic window of opportunity for Madagascar to break cycles of political instability that abruptly interrupted its development in the past and to leapfrog its economic and social revitalization. Following a prolonged period of economic stagnation, growth accelerated over …
The world economy is heading into troubled waters, with recession in 2020 now a clear and present danger, according to UNCTAD’s Trade and Development Report 2019. Warning lights are flashing around trade tensions, currency movements, corporate debt, a no-deal Brexit and inverted yield curves but there is little sign that …
After more than three decades of average annual growth close to 10 percent, China's economy is transitioning to a 'new normal' of slower but more balanced and sustainable growth. Its old drivers of growth -- a growing labor force, the migration from rural areas to cities, high levels of investments, …
